More than one year after being put up for auction, the Dublin Pub in New Hyde Park has been sold for $750,000.
Misha Haghani, president of Paramount Realty, which handled the sale of the property, said the new owner, New Hyde Park-based Tseng’s Holdings, plans to establish a retail business on the site of the former pub at 2002 Jericho Turnpike.
“The seller is happy to move on. The bank is happy to be paid and the buyer is excited to have something new on their hands,” Haghani said late last week.
Haghani said the $750,000 purchase price falls short of the money owed by Dublin Pub’s owners Stan Majewski and Scott Blitzer, who put the 6,400-square-foot pub up for auction in July 2013 seeking an opening bid of $899,000.
“No one had bid that amount,” Haghani said.
The auction information indicated an appraised value of $1.4 million as of October 2011.
Under the terms of the sale, which took place on Aug. 8, lien holders will receive less than what is owed to them.
Haghani said numerous offers had been rejected by the sellers in the past year for one reason or another.
The beginning of the end of the pub began when the state Liquor Authority board revoked the bar’s license on April 23, 2013 after suspending the license in late March after the pub allegedly sold alcohol to underage customers on two occasions, according to state Liquor Authority spokesman William Crowley.
The state Liquor Authority had found the bar in violation of state liquor regulations on several occasions over the past decade.
In the suspension order issued in March, S & S Pub – the company that owned Dublin Pub – was also cited for failing to comply with conditions in a previous order.
Last April, Haghani said the state Liquor Authority had offered the owners two options – to fight the revocation or surrender the license and make an argument that they did no wrong.
“They voluntarily surrendered their liquor license and they have not attempted to get their license back because they don’t want to spend more money on it. So they’re stepping away,” Haghani said prior to last year’s auction.
Haghani said Majewski and Blitzer had worked at the bar for several years before buying it from one of its four original owners in 2001.
The partners had invested more than $1 million in the 6,441-square-foot facility, which had been a bar or a pub since 1936 and was operating as the Dublin Pub since 1968, Haghani said.
Efforts to reach Majewski and Blitzer for comment were unavailing.
